RAMSEY CROOKALL & CO

13th July 2012

Evening  Report

The FTSE 100 finished up 1% @ 5,666 finishing off the week on a positive note.

Mining peers Polymetal, Kazakhmys, ENRC and Randgold were registering decent gains as metals prices firmed on the improved outlook for China. British luxury brand Burberry, a stock sensitive to the development in the Chinese economic outlook, a key growth market for the business, was also in demand.

Meanwhile, water supplier United Utilities was out of favour after Barclays Capital downgraded its rating on the stock to 'underweight', while energy and gas provider SSE was feeling the effects of a ratings cut by Citigroup to 'sell'.

Financial data group Experian declined despite group revenue in the three months to the end of June (first quarter) increasing by 14% on a constant currency basis, with Latin America continuing to be the engine of growth.

Security firm G4S extended yesterday's losses on the news that it had encountered delays in training security staff for the Olympics, meaning that the army has had to step in to provide extra troops. According to Home Secretary Theresa May last night, G4S faces penalties for breaching its contract.

THE FTSE 100 Closed             Up 57      @    5,666

THE DOW JONES @ 16.30              Up 157     @   12,730

THE NASDAQ COMP @ 16.30       Up 26     @   2,893

Exchange Rates

GBP – USD     @ 16.30            1.5551 GBP - EURO    @ 16.30            1.2709